GE Aerospace agrees to acquire CPP for almost $12 billion

GE Aerospace said it will acquire CPP, a leading supplier of aerospace castings, in a transaction valued at nearly $12 billion. The purchase is intended to expand GE's in-house casting capabilities and improve supply-chain resilience for its engine and aircraft components. The deal, which is expected to close later this year pending regulatory approval, follows a trend of consolidation in the aerospace manufacturing sector.

"Integrating CPP’s expertise and facilities will enhance our ability to meet growing demand for advanced engine parts," a GE Aerospace spokesperson said.

Analysts noted that the acquisition could bolster GE's competitive position, though they cautioned that integration risks and the sizable price tag may affect short-term earnings. The announcement lifted GE Aerospace’s share price in early trading.